China-Based Companies’ Stocks Surge on U.S. Exchanges: A 2023 Market Analysis
In the financial year of 2023, an unexpected surge in the stock prices of numerous China-based companies listed on U.S. stock exchanges has piqued the interest of investors and market analysts. Stocks from several of these companies have even seen their values double, illustrating the dynamic and unpredictable nature of international investment in the stock market.
Currency market: BoJ and interest rate changes
BoJ speeches delivered in December by Ueda Man, Himino and Nakamura all contained the exact same information and all were the same exact presentations. Seen in all discussions was speculative concepts to a possible end to QE and to change interest rates.
AUDUSD, XAUUSD – Testing Key Levels
The US Dollar has continued its year end decline after the holiday break in thin volume. Traders still holding onto the view of a dovish Fed come 2024 seeing yields also drop creating a headwind for the Greenback.
Don’t Expect Gold Prices To Stop at $2,100
Gold prices climbed above $2,100 on Monday before retracing in price a few hours later. The precious metal has risen in price for two consecutive months making investors reap handsome rewards. The yellow metal gained 19% in 60 days and outperformed the stocks, forex currencies, oil, cryptocurrency markets, and other commodities. The prices of gold are now hovering around the $2,070 mark but analysts predict more upside swings.
Australian Dollar treads water near its five month high, focus on US economic data
The Australian Dollar (AUD) trades around its five-month high at 0.6774 on Wednesday on subdued US Dollar (USD) and improved risk appetite. The AUD/USD pair received upward support from the hawkish stance revealed by the Meeting Minutes from the Reserve Bank of Australia (RBA) on Tuesday. Additionally, the upbeat commodity prices contributed support to the Australian Dollar.
